Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Milfull v Terranora Lakes Country Club Limited [2002] FCA 178 PRACTICE & PROCEDURE - application to further amend statement of claim - whether a representative proceeding - where applicant unable to represent group members in claims against all respondents - whether additional applicants could be joined PRACTICE & PROCEDURE - deficiency in pleading - whether no causative link shown between loss and alleged breach CORPORATIONS LAW - derivative actions - whether company or shareholder is proper plaintiff - whether shareholders' loss separate from company loss - characterisation of the loss in value of redeemable preference shares - whether loss caused by breach of duty owed to shareholders or company
Statutes Federal Court of Australia Act 1976 (Cth) Part IVA; ss 33C, 33Q, 33R, 33S Federal Court Rules O 6 r 2
Cases Batten v CTMS Ltd [2000] FCA 915 Discussed Caltex Oil (Australia) Pty Ltd v The Dredge "Willemstad" (1976) 136 CLR 529 Referred to Christensen v Scott [1996] 1 NZLR 273 Not Followed Foss v Harbottle (1843) 2 Hare 461 Applied Gould v Vaggelas (1985) 157 CLR 215 Followed Johnson v Gore Wood & Co [2001] 2 WLR 72 Discussed King v GIO Australia Holdings Ltd (2000) 100 FCR 209 Referred to Marks v GIO Australia Holdings Ltd (1998) 196 CLR 494 Applied Milfull v Terranora Lakes Country Club Limited [1999] FCA 963 Referred to Perre v Apand Pty Ltd (1999) 198 CLR 180 Applied Philip Morris (Australia) Ltd v Nixon (2000) 170 ALR 487 Applied Prudential Assurance Co Ltd v Newman Industries Ltd (No 2) [1982] 1 Ch 204 Followed Rosenberg v Percival [2001] HCA 18 Discussed Hunter Valley Community Investments Pty Ltd v Bell [2001] FCA 201 Referred to
Other Authorities McPherson, The Law of Company Liquidation 4th ed 1999
TERENCE JOHN MILFULL v TERRANORA LAKES COUNTRY CLUB LIMITED, ERNEST GEORGE HARRIS AND WILSON JOSEPH WILDE, ALAN JACK PANTLIN, IAN KELLETT COOK AND BARBARA ECKHARDT, THOMAS EVAN DOOKER, JAMES GEORGE EVANS, DAPHNE PEARL FOSTER, JAMES KEVIN LYNCH, JOHN WILLIAM HADDOW, JOHN FRANCIS MAKEPEACE, JOHN WILLIAM CHESHER, HARRY EDMUNDSON, PETER THOMAS JONES, STEPHEN AMOS, ALAN MCGREGOR, LEONARD JOHNSTON, JAMES RAILEY LAWRIE, CHARLES RONALD SWAIN, LAWRENCE JAMES KELLETT, PETER MARTIN MCDOWELL AND WILLIAM ARMITAGE COE QG 131 OF 1995 KIEFEL J BRISBANE 1 MARCH 2002
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